Soda announced raising €11.5M in Series A funding round led by Singular Ventures
Soda, a Bruxelles, Belgium-based software developer, announced the completion of a €11.5M ($13.9M) capital raise in series A investment round.
Proceeds will be used to develop the usability and scalability of its cloud-based platform, in addition to establishing a global community of users.
Soda, founded in 2018 by Maarten Masschelein (CEO) and Tom Baeyens, developed a data monitoring platform that streamlines how teams find the data worth fixing. The tool identifies and prioritizes data issues that are causing the most damage to businesses, provides resolution through a workflow and sends alerts.
Soda’s platform keeps data fit for purpose, verifiable and trustworthy by connecting data engineers, operations and the business to collaborate and work with trusted data. The platform’s interface is accessible and easy-to-use, enabling users to effortlessly instrument multiple datasets across any data workload to create observability so that anyone in the organisation can collaborate on data monitoring. This means businesses can adapt quickly to change, swiftly deploy new technologies and build innovative new products on solid data foundations.
The company says that it intends to release an open source version and enterprise edition.
Soda previously raised a seed round of €2.6M led by Point Nine Capital, and in 2018 it won €500,000 as part of an Innovative Starters Award from Innoviris, the Brussels regional institute for Research and Innovation.